First Midwest Bank Trust Division Has $357,000 Position in Cinemark Holdings Inc (CNK)

First Midwest Bank Trust Division boosted its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,192 shares of the company’s stock after buying an additional 235 shares during the period. First Midwest Bank Trust Division’s holdings in Cinemark Holdings were worth $357,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Vident Investment Advisory LLC purchased a new stake in Cinemark Holdings during the first quarter valued at $200,000. Welch & Forbes LLC purchased a new stake in Cinemark Holdings during the first quarter valued at $210,000. Oppenheimer Asset Management Inc. purchased a new stake in Cinemark Holdings during the first quarter valued at $213,000. Atria Investments LLC increased its stake in Cinemark Holdings by 1.6% in the second quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock valued at $235,000 after buying an additional 96 shares during the period. Finally, Blue Sky Asset Management LLC purchased a new stake in Cinemark Holdings during the first quarter valued at $300,000. 89.52% of the stock is currently owned by institutional investors.

Cinemark Holdings Inc (NYSE CNK) opened at 34.52 on Friday. The stock has a 50 day moving average price of $37.82 and a 200 day moving average price of $40.98. Cinemark Holdings Inc has a 52-week low of $34.32 and a 52-week high of $44.84. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 14.75 and a beta of 1.03.

Cinemark Holdings (NYSE:CNK) last released its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The company had revenue of $751.20 million during the quarter, compared to the consensus estimate of $751.72 million. During the same period in the prior year, the firm earned $0.46 earnings per share. Cinemark Holdings’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Cinemark Holdings Inc will post $2.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 31st will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Tuesday, August 29th. Cinemark Holdings’s payout ratio is currently 49.57%.

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Several research analysts recently issued reports on CNK shares. B. Riley reaffirmed a “buy” rating and set a $53.50 target price on shares of Cinemark Holdings in a research report on Sunday, May 7th. MKM Partners reaffirmed a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Cinemark Holdings in a research report on Wednesday, April 26th. ValuEngine raised Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Wedbush reaffirmed a “buy” rating on shares of Cinemark Holdings in a research report on Monday, August 7th. Finally, BidaskClub raised Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Cinemark Holdings currently has an average rating of “Hold” and an average target price of $43.14.

About Cinemark Holdings

Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.

Institutional Ownership by Quarter for Cinemark Holdings (NYSE:CNK)

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